Pendrell Acquires More Than 1,300 Patents Covering 3G and 4G Wireless Technologies, E-commerce, Mobile Applications, Video Delivery and Security
KIRKLAND, Wash.--(BUSINESS WIRE)--
Pendrell Corporation (NASDAQ: PCO) announced today that its subsidiaries
have acquired more than 1,300 U.S. and foreign patents in five separate
transactions. The patents are applicable to wireless handset and
infrastructure technologies, e-commerce, mobile applications, video
delivery and security, and originated at some of the leading technology
firms in the U.S., Europe and Asia. Financial terms of the transactions
are not being disclosed. With these transactions, Pendrell now holds
more than 1,500 issued patents worldwide, with hundreds of additional
patent applications pending.
The patent portfolios acquired in these transactions cover critical
technologies such as:
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LTE, CDMA, HSPA, UMTS, WiFi, WiMAX, Bluetooth and other wireless
technologies.
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E-commerce software, mobile applications, mobile operating systems,
location based services, gaming, and virtual environments.
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Video streaming, video compression and gaming applications.
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Security technologies involving access control, authentication,
tracking and encryption.
"These patents greatly enhance Pendrell's portfolio in technological
areas that will be important for years to come," commented Ben Wolff,
chief executive officer for Pendrell. "Our approach has been to obtain
rights to key, strategic innovations which benefit our partners,
customers and shareholders. The inventions we have acquired are being
used today by a wide range of leading handset, tablet, computer and
consumer electronics manufacturers, online retailers, content providers,
infrastructure vendors and network operators. With the world-class team
we have assembled and our growing patent portfolio, we will continue to
accelerate and expand our strategic partnering and licensing programs
worldwide."
About Pendrell Corporation
Pendrell Corporation, through its subsidiary, Pendrell Technologies, is
a fully-integrated intellectual property (IP) investment and advisory
services firm. Pendrell Technologies develops and implements strategies
to acquire, commercialize, and license IP. Pendrell is headquartered in
Kirkland, Washington, with offices in Berkeley, Los Angeles and
Washington, DC. For more information, visit www.pendrell.com.
Pendrell Corporation
Christopher Doherty, 703-928-3279
christopher.doherty@pendrell.com
Source: Pendrell Corporation
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